This includes reputable industry sources, select financial publications, credible nonprofits, official government reports, court records and interviews with qualified experts.

Before you sell your annuity or structured settlement to a factoring company, it’s important to evaluate its history and ratings and the quality of their offer.

Who Will Buy My Structured Settlements?

If you’re interested in selling the right to your future annuity or structured settlement payments, a business called a factoring company may be interested in buying it in exchange for a lump sum of cash. Factoring companies and individual investors who buy your structured settlement form the secondary market, which is highly regulated because the industry is so competitive. Sellers should consider several factors, including the quote offered and customer service record of a company, before choosing a company to buy their structured settlement.

How Do You Find the Best Structured Settlement Buyer?

A simple search on the Internet will reveal numerous annuity or structured settlement buyers. There are many factors you should consider to choose the right one.

High-quality, trustworthy firms you consider should:

Provide helpful customer service representatives and multiple ways to get in touch

Make a competitive offer

Present options for an immediate cash advance

Be licensed and follow appropriate regulations

Have a positive rating from the Better Business Bureau

Offer a clear timeline for when you will receive money

Have a proven record of customer satisfaction

Demonstrate complete familiarity with state laws

Provide transparent disclosure of contract information

Recommend you to speak with a lawyer or accountant before making a decision

Have positive customer reviews online or with their local Chamber of Commerce

Have a low denial rate

Show stability and financial health, as evidenced by a large number of structured payment purchases

You should never feel rushed, confused or taken advantage of during the selling process. If you do, it may be a red flag that you should not work with a certain factoring company.

Hiring a broker may help you through this process. Similar to a realtor’s role when you sell a home, a broker will help you sell your annuity for the best price, recommend annuity buyers they’ve worked with previously, and explain and complete paperwork on your behalf. If you decide to hire an annuity broker, make sure to ask about their brokerage fee and confirm they are certified and licensed.

Finding the Best Structured Settlement Quote

A key part of choosing a buyer for your annuity is how much they offer to pay you for the right to receive your future payments. Getting a quote is free and can easily be handled over the phone. When you sell your annuity, it is subject to a discount rate, or the amount you are willing to discount your total annuity worth by in order to get cash now.

How do Buyers Develop Structured Settlement Quotes?

Buyers evaluate a group of ever-changing factors to give you a quote, including:

How much money is in your annuity

When your annuity payments are due

The number of payments you want to sell

Current market rates

The rating of the insurance company that issued your annuity

Cost of fees or extra charges the insurance company may charge to initiate a transfer

What is the Process of Getting a Structured Settlement Quote?

Getting a structured settlement quote is a bit like applying for a car loan. For a loan, you provide a bank or creditor with financial information and get an interest rate tailored to your situation along with a payment plan.

The process for getting a quote is very similar:

First, you provide the factoring company with your annuity information. This can be done via phone or online form. Annuity.org also has a calculator to help you determine the value of your annuity.

Let them know how much of your annuity or how many payments you’re interested in selling.

The factoring company will write you an offer based on the financial data attached to your annuity contract and current market rates.

High-quality structured settlement buyers may also offer you a certain amount of cash up front.

What Should I Ask My Annuity Buyer?

When you begin to vet structured settlement purchasers, don’t be afraid to interview them.

These questions will help identify their expertise and capability to handle your case:

Let Us Help

We always recommend you do your own research when investigating buyers of structured settlements or annuities. But if you’re feeling overwhelmed or are looking for a tried-and-true suggestion that’s already been vetted by industry experts, we recommend our partners. Together, we’ve helped thousands of people sell their periodic payments to get cash fast.

Let our experts help guide you through the selling process

Our partners are experts in the selling process and are dedicated to getting you the best possible deal.

If you have any more questions on how the process works, our seasoned financial experts are always ready to take your call on the Annuity.org hotline. We’re happy to help you evaluate your needs and explain nuances of the annuity industry in more detail. If you’re looking to get a quote over the phone, we can provide that too.

Calling this number connects you with our trusted partner, CBC Settlement Funding.

If you're interested in selling your annuity or structured settlement payments, a CBC representative will provide you with a free, no-obligation quote.

CBC is committed to excellent customer service. Our partners can help you navigate the legal process of selling and get you a cash advance if we want to purchase your annuity or structured settlement. CBC will meet or beat another company's written offer by $500.